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euraud looks like it has found support and will make the next leg up to the .6 and .7 fib levels
The price is in the lower part of the bullish channel, and has created a support. So there are some possible buys.
as you can see price is now testing a key resistance zone that in the past stopped the price from rising. Now it could turn into support for the new uptrend: therefore, i've lowered my timeframe and entered with a stops below the low, because you can see there's a small double bottom with RSI divergence and engulfing candle. Targets as shown.
If you ...
i'm ready to go long in this market and here i'll explain you why. On the daily chart, we've recently broken a major resistance level and when price broke that level it wasn't immediately pushed back by sellers but calmly came down to that former resistance as if sellers weren't strong enough to turn that break into a false breakout. With these ...
weekly strong bullish momentum, maintaing bullish market structure after the exhaustion phase in lower TF. I believe the price will reach 1.5650.
Eur/Aud - Weekly chart - I see a break of trend structure on weekly chart so I am expecting bullish moves from this pair now. Looks like we may have created a higher low on weekly chart. great risk to reward.
this is a Bat pattern that's going to complete soon on this pair, since it meets my rules i'm taking this on the completion, not waiting for a confirmation, although you may wait for it and gain from that. I'm setting an order at D point, with stops below X and targets at 382 and 618 AD retracement.
Feel free to share your view or ask questions.
just wanted to let you know what i'm looking for in the next hours. On EURAUD price is testing a key support level on the daily (in oversold condition) and therefore i can expect market to react at this level. As i go down on 1hr chart i can see there's a double bottom setting up with RSI divergence and this also increase my confidence in this trade. I ...
we were looking at this pair few days ago searching for a short setup. Now the background is changed and we see this chart as a trend continuation chance. As you can see price has shown some selling pressure around 1,5050 but not enough pressure to stop the trend from continuing up. The break and close above that level signifies a clear willingess to ...
this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition.
All those clues together make this trade a nobrainer.
this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities.
I utilized two charts in this case for you have to get the reasons behind this thought process.
In the left hand side of your screen, there's the 4HR chart, and you can see price has created two ...
two different setups on this pair, there's a Gartley formation already completed and a 2618 that could be completed on the next hours.
As you can see in both cases we can earn some profits, keep in mind that this particular time i'm going to use 1 single target for the pattern (at the 2618 completion) with stops above the X.
If you want ...
there's not so much on my radar today. Nonetheless i've found a nice advanced pattern formation that is near to the completion point. It is a Bat pattern and its D point comes near to the daily structure level i've outlined with the black line.
Always have the bigger picture in mind.
Stops below X, targets at .382 and .618 retracement of AD leg.
If you ...
In other analyses I paid respect to weekly positions. These are where the power truly is. Occasionally we spot a key position in the market where we can find opportunities on lower time frames.
This does not mean I'm going long on this weekly. However, I'd be looking to go long on daily or 4H charts.
Descending wedge patterns on occasion herald a bullish ...
All my ideas + reputation have been removed , i have no clue why. All were correct. This was the last one i posted